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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Singapore Dollar/British Pound (FOREX:SGDGBP)
Sidelines Mode (-55) - SGDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SGDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SGDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SGDGBP
The long-term trend has been DOWN since Jan 11th, 2024 at 0.588265
The intermediate-term trend has been DOWN since Apr 29th, 2024 at 0.585385
The short-term trend has been UP since May 2nd, 2024 at 0.587545
Smart Scan Analysis for SGDGBP
Based on our trend formula, SGDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.59051500 | 0.59098500 | 0.59049327 | 0.59088500 | +0.00037000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.59051500 | 2024-05-09 05:23:22 |